Saturday, 23 May 2015
Last updated 11 hours ago
May 5 2008 | 2:00am ET
Stamford, Conn.-based Basso Capital Management said Thursday that almost all of its hedge funds finished the first quarter in the red.
The firm, which manages $2.57 billion, told investors that its Credit Opportunities Fund is down 14% this year after dropping another 2.37% in March. It also posted losses in its Basso Partners and Basso Investors vehicles, both of which are down 2.8% on the year.
“Investors and managers have failed to live up to the challenges we are facing in the current market environment,” Basso CEO Howard Fischer wrote. “It is evident to us that many funds are forcibly liquidating part or substantially all of their portfolios.”
The firm also said its two multi-strategy funds are down 4.75% through the first quarter after a 1.1% March decline.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…